Chinese chip designer Bestechnic's pre-IPO subscription exercise fetches $745m

Chinese chip designer Bestechnic's pre-IPO subscription exercise fetches $745m

IPO

Bestechnic (Shanghai) Co., Ltd, a fabless IC company with a focus on smart audio system-on-a-chip (SoC), has raised 4.86 billion yuan ($745 million) ahead of an initial public offering (IPO) on China’s Nasdaq-style STAR Market.